Crypto is (almost) dead.

[Anonymous No.9885618]

>backed by literally nothing
>market blows up in a month
>market steadily declines and loses 70% of its value.
>undergraduate business majors literally can't stop jerking off about it
>finance veterans tell people its won't last
>People on this board will still defend crypto: "LEL WELL DID YOU SEE MY SHITCOIN VALUE HAHA FUGGIN WAGEKEK LMAO"
>no longer profitable to mine without thousands of dollars in special equipment
>mining equipment swiftly losing value

How long until you all get jobs? Crypto was a failed experiment and now that it hasn't been adopted as currency its value is purely speculative.

[Anonymous No.9885630]

>>9885618
ok

[Anonymous No.9885638]

>>9885618
Ok

[Anonymous No.9885649]

ok

[Anonymous No.9885652]

>>9885618
ok

[Anonymous No.9885660]

>>9885618
You cannot convince total losers and morbidly obese incels to stop clutching at what they believe is their only shot at getting an income without learning a trade. While jacking off.

[Anonymous No.9885666]

ok

[Anonymous No.9885678]

>>9885618
>How long until you all get jobs?
Never.
Business & finance is fun.

[Anonymous No.9885685]

>>9885618
the absolute state of biz

[Anonymous No.9885687]

not ok

[Anonymous No.9885689]

>>9885618
>>9885660
>that 30 year old boomer cope

[Anonymous No.9885690]

ok

[Anonymous No.9885695]

>>9885618
> Crypto dead

Ok

[Anonymous No.9885711]

>>9885618
>not having a full-time job and accumulating btc / eth dips

I've been doing this as a side hustle for almost 2 years

[Anonymous No.9885725]

>>9885618
Who are you quoting?

[Anonymous No.9885757]

>>9885660
i study online fulltime
workfulltime to learn my trade
some people here just wanted a shot at skipping the hard life

[Anonymous No.9886657]

>>9885618

This is my job though - I have a Software Dev business specialising in crypto. I write smart contracts and give talks to normies at seminars. I shill them my holds, stack up referral rewards and thus, never risk my own money. And the Dapps/smart contracts I write have a dev fee built into them, so I get a cut of every sale. Forever. I don't charge anything up front, so the brainlets think they're getting a good deal heh. I just use standard libraries, smash out a Dapp or ICO in no time.

Most of the time I just shitpost here, research stuff that looks promising to dump on my cult of normie followers, accumulate my long term holds (yep, Link is in there, haha), set up masternodes and such. Hire pajeets to do all the Web dev grunt work, I just do the Solidity development. I actually make so much in passive income now that even this bear market didn't affect my fiat value at all (I'm up actually).

So, keep coping OP.

[Anonymous No.9887113]

>>9885630
>>9885638
>>9885649
>>9885652
>>9885666
>>9885690
>>9885695
>/biz isn't one person

[Anonymous No.9887254]

>>9885618
ok nigger, go home then.

[Anonymous No.9887444]

>>9887113
>/biz

Hey there Reddit, fuck off back to where you came from.

[Anonymous No.9887472]

biz is only larpers and basement dwellers. normies don't even know this place exists. if you hear someone say they made it they are just trolling you

[Anonymous No.9887493]

The value of literally anything in this world is speculative, that's how value works brainlet

[Anonymous No.9887514]

>>9885618
ok

[Anonymous No.9887519]

>>9887472
cope, plenty of people here have made it.

[Anonymous No.9887527]

>>9887472
>yes, he is telling the 100% truth.

[Anonymous No.9887577]

>>9885618
>How long until you all get jobs?
Been applying to places for a week.

[Anonymous No.9887615]

>>9885618
https://99bitcoins.com/bitcoinobituaries/
ok

[Anonymous No.9887634]

>>9885618
Nice. Just sold 100k

[Anonymous No.9887649]

Boy oh boy! These are some salty potatoes!

[Anonymous No.9887651]

>>9885618
All chances of being taken seriously discarded at >backed by literally nothing.
Bitcoin costs several thousands of dollars to mine at this point for most people on earth. The only way around this, especially for people who are mining in areas where power is at its cheapest (and still costs thousands to mine), is producing an innovation in energy production or computer processing efficiency.
Proof-of-work cryptos, and especially non ASIC-resisitant ones, contain their own economy. If you want bitcoin, you either have to spend thousands of dollars mining it, or you have to buy it for the market rate. Miners running operations in areas of cheap power have little incentive to sell too far below the cost of mining in other areas of the world, as they are operating to make money, and they likely realize that they, globally, are the exception and not the average. Mining companies that sell ASIC hardware have even more incentive to keep the cost of mining above that of many areas of the world, as part of their business model relies on the rest of the world wanting to buy ASIC hardware to mine for themselves with.

[Anonymous No.9887775]

>>9887634
i too sold 100k cryptos

[Anonymous No.9888377]

>>9885618
ok

[Anonymous No.9888404]

RIP OP

[Anonymous No.9888480]

>>9888404
NOT YET BBY

[Anonymous No.9888680]

>>9885618
>undergraduate business majors literally can't stop jerking off
Wasn't this the plot of that one trading movie?

[Anonymous No.9889068]

Crypto is speculative and there is nothing wrong with that, just like most stocks if not all.

The reality is crypto is the only deflationary asset that is easily transferable and tradable, gold is nice and all but you can’t send gold across the globe to pay for goods and you’re not going to walk around paying with gold coins, silver etc.
The clock is ticking, the debt is rising, the paper is being printed as we speak, we can only delay the inevitable for so long.
That’s the value of crypto, that’s what caused btc to take off.
Smart contracts and distributed ledgers are amaizing and be the next technology revolution alongside AI smart contracts powered by AI and oracles could settle most of not all transactions, claims etc in seconds at a much lower cost than now, that’s cool and eventually might be worth trillions, it might not be eth or any of the coins in existence that doesn’t matter.
Crypto will go on, when the next economic crisis hit and it will hit, much harder than 2008, because printing money and racking debt to give liquidity to banks won’t worth anymore because the crisis will be the printing.
You will see some crazy shit, it might not happen in 2 years or 5 but it will happen and crypto will be the only deflationary currency out there people can buy with their fiat which will continuously lose value that will maintain or increase in value and allow them to buy/ trade etc with ease.
It will replace fiat.
Might not be any of the cryptos in existence now, it might be a crypto backed by the government, who knows but the reality is crypto is the future.

[Anonymous No.9889121]

>>9885630
>>9885638
>>9885649
>>9885652
>>9885666
>>9885690
not an argument.

[Anonymous No.9889691]

>>9889068
I agree with you for the most part, but see >>9887651. Cryptos such as Bitcoin Cash will ultimately be the most victorious coins for the sheer fact that it is purely a game of the miners competing with one-another to, in effect, provide the most power to the entire network, and getting rewarded in the currency that they're working to strengthen for their contributions. Other cryptos may find wonderful success, but if you want a total guarantee of a coin that will multiply your money by at least a thousand times in the next few years, BCH will do it.

[Anonymous No.9889732]

>>9885618
screencapping this

[Anonymous No.9889868]

Anyone whos traveled internationally or had to send money across a border can see the value of crypto. I had a situation in Nepal where I needed money ASAP and just couldnt get it without waiting a day or two.
Crypto solves that shit.

[Anonymous No.9889891]

[Anonymous No.9890006]

>>9885618
Literally dont care.
Im 33y old single chad. I like my work and life. Its not a problem for me to put % of my paycheck to crypto now and then. If il get a lambo evetually its fantastic. If not so fucking what. Life is a game.
Fuck off

[Anonymous No.9890072]

>>9889891
damn lol

[Anonymous No.9890265]

>>9887444
checked.

>this

[Anonymous No.9890316]

>threads been up for a while
>not a single good argument has been made yet

damn..../biz/ BTFO....

[Anonymous No.9890464]

>>9885618
ok

[Anonymous No.9890558]

Ok

[Anonymous No.9890643]

>>9889868
Sorry if this is ignorant , but when people say they need money from someone in another country. Why can’t those ppl use google wallet. Apple Pay, or one of the endless other variations? I’m assuming they don’t only work in the u.s. right ?

[Anonymous No.9890948]

>>9885618
>digital tokens with fixed stock, able of store info, that can't be counterfeited, deleted, which can be traded p2p without any need of a central authority have absolutely not value.
Ok. Maybe current coins are shit, but crypto is the future, you like it or not.

[Anonymous No.9891247]

>>9885618
This is all true. Take heed all /biz/ tards.